119 Fieldrow Street Ottawa, Ontario K2G 2Y8

5 Bedroom 2 Bathroom 700 - 1,100 ft2
Bungalow Central Air Conditioning Forced Air

$899,900

PRICED FOR LAND VALUE - EXCEPTIONAL DEVELOPMENT POTENTIAL! CORNER LOT! (125.46 feet by 77.49 feet). An outstanding opportunity for builders, developers and investors to capitalize on a property offering exciting future possibilities under N2E zoning. The value here is in the LAND and its redevelopment potential. Under the City of Ottawa's new zoning framework, N2 - Neighbourhood Zone 2 provides increased residential development flexibility, permitting a density of up to 1.5 dwelling units per 100 m of lot area, to a maximum of 6 dwelling units per building, subject to lot dimensions, servicing, setbacks and all applicable City requirements. The "E" subzone reflects a more suburban development pattern, including an 18-metre minimum lot width and 6-metre minimum front-yard setback. This creates an exciting opportunity to explore a variety of redevelopment concepts and residential configurations, making this an attractive land acquisition for those looking toward future intensification and long-term value. Buyers are encouraged to complete their own due diligence with the City of Ottawa regarding their intended development plans. The property is currently improved with a detached bungalow that is tenant-occupied, providing existing rental income while a purchaser explores future development opportunities. A property to buy for today, but with an eye firmly on tomorrow - LAND VALUE, INCOME and DEVELOPMENT POTENTIAL all in one! Current rental income is $4295/month and viewing will only be allowed upon acceptance of an offer since being sold for LAND POTENTIAL! (id:37553)

Property Details

MLS® Number X13810390
Property Type Single Family
Community Name 7302 - Meadowlands/Crestview
Amenities Near By Park, Public Transit
Parking Space Total 6

Building

Bathroom Total 2
Bedrooms Above Ground 3
Bedrooms Below Ground 2
Bedrooms Total 5
Appliances All, Water Heater
Architectural Style Bungalow
Basement Development Finished
Basement Type N/a (finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Stucco, Vinyl Siding
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 700 - 1,100 Ft2
Type House
Utility Water Municipal Water

Parking

Detached Garage
Garage

Land

Acreage No
Land Amenities Park, Public Transit
Sewer Sanitary Sewer
Size Depth 77 Ft ,6 In
Size Frontage 125 Ft ,6 In
Size Irregular 125.5 X 77.5 Ft
Size Total Text 125.5 X 77.5 Ft
Zoning Description N2e

Utilities

Electricity Installed
Sewer Installed

https://www.realtor.ca/real-estate/30307537/119-fieldrow-street-ottawa-7302-meadowlandscrestview